A parcel of residential lots has been secured in Buddina, paving the way for a $60 million beachside apartment project to be officially launched in 2017.
Jason Hague, of Buddina Urban Development Group, announced today that settlement had been reached on six residential land lots for approximately $5.5 million.
Totalling 3,878sqm, the site will become home to the beachside apartment project known as The Hedge at Buddina, setting a new benchmark for contemporary coastal living on the Sunshine Coast.
“We are very pleased to announce this major milestone for The Hedge at Buddina, which will begin construction in 2017,’’ Mr Hague said.
“The Hedge at Buddina will be close to schools, bus links, major shopping and professional services including the new $2.03 billion Sunshine Coast University Hospital within the $5 billion Kawana Health Precinct.
“With a patrolled beach and local surf club at its doorstep, the project also adjoins the newly upgraded Kawana Shoppingworld which has been earmarked for further major improvements in the coming years including a cinema complex and new specialty shops,’’ he said.
The Hedge at Buddina offers a selection of 92 beautifully designed and appointed 1, 2 and 3 bedroom apartments up to 158sqm in size over five storeys, plus nine ground-floor commercial opportunities. There will be a future release of 5 penthouses to compliment this beachside apartment project.
The Hedge at Buddina is perfectly placed to offer a range of benefits to future residents and investors. Located an hour north of Brisbane by road, the Sunshine Coast is one of Australia’s top 10 urban areas and is fast becoming one of Australia’s leading regional economies.
Enjoying a prime beachside location, The Hedge at Buddina benefits from an exciting regional development strategy unfolding over the next two decades which will see the economy triple to $33 billion, the creation of 100,000 new jobs in high end industries and household incomes exceeding the Queensland average.